Commercial Middle Market Underwriter & Portfolio Manager

Chicago, IL
$120,000-150,000 per year
Permanent
Full-time

9 days ago

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.To learn more about CIBC, please visitKEY ACCOUNTABILITIES / RESPONSIBILITIESThe Portfolio Manager will be responsible for but not limited to the following activities.Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.Client Sales

Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit
Renewal activities with existing clients – PM leading associated activities with RM input
Remain active and engaged in periodic client calls and visits for assigned portfolio
Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Client Onboarding/Closing

Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator
Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client

Client Portfolio Maintenance

Work with CIS Relationship Support to update / correct identified data issues
Address upcoming maturities and annual reviews on time; help remediate payment past dues
Ensure all customer financial reporting / covenants are collected on time
Support closing team to ensure collection of outstanding loan document exceptions
Follow up on past due real estate taxes / insurance certificates to clear exceptions
Prepare CAMP reports and quarterly trend cards / reviews
Prepare FAS 114 memo / analysis

Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio
Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.
Review borrowing base availability and approve loan advances

Coordinate onboarding, deposit account opening and TM setup activities
Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.
Review borrowing base availability and approve loan advances
Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly
Remain active and engaged in periodic client calls and visits for assigned portfolio
Renewal activities with existing clients – PM leading associated activities with RM input
Has direct client contact in performing responsibilities as needed

Client Penetration/Cross Sell

Consults with the RM on cross-sell opportunities

Management Responsibilities and Team Training

Mentor and provide situational training support to Associates and Sr. Associates

Risk Management

Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)

CROSS-FUNCTIONAL RELATIONSHIPS

Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)

RISK & COMPLIANCEOur CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

AUTHORITIES/DECISION RIGHTS

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

KNOWLEDGE AND SKILLS

Minimum of 5-7 years of experience of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management.
Ability to prove credit expertise within a specific commercial banking industry or vertical.

Expected to be well versed in all key systems, applications, and models used

Completion of Commercial Banking Training Program or equivalent.At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000.00 - $150,000.00 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.#LI-TAWhat CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.*Subject to plan and program terms and conditionsWhat you need to knowCIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contactYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.Job Location IL-120 S LaSalle StEmployment Type RegularWeekly Hours 40Skills Business Banking, Business Development, Business Opportunities, Client Service, Customer Experience (CX), Lending, Portfolio Management, Underwriting

CIBC

Apply Now